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Bridge Loans in Ross
Ross sits at the top of Marin's luxury real estate hierarchy. Properties move fast when priced right, but sales rarely close in under 45 days.
Bridge loans solve the timing problem wealthy buyers face here. You can't always sell your $3M Kentfield home before closing on a $5M Ross estate.
Most Ross transactions involve substantial equity positions. That's exactly what bridge lenders fund against—not your income, your asset value.
You need significant equity in your current property. Bridge lenders typically advance 75-80% of your existing home's value minus what you owe.
Credit matters less than equity here. I've closed bridge loans for borrowers with 640 scores who had $2M in home equity.
Exit strategy drives approval. Lenders want proof your current home is listed or will be within 30 days of funding.
Bridge lending in Ross requires specialty lenders who understand high-value properties. Your Wells Fargo banker won't help here.
We work with 15+ bridge lenders covering different price points. Some cap at $3M total exposure, others go to $15M for the right profile.
Rates run 8-12% depending on loan-to-value and property type. That's expensive, but carrying two mortgages costs more.
Most Ross bridge loans involve borrowers with $5M+ in real estate assets. They understand this is expensive money you use for weeks, not years.
I prefer lenders who don't require immediate dual payments. Some structure it so you only pay on the bridge until your old home sells.
The biggest mistake is waiting too long to apply. You need this lined up before you write an offer in a competitive Ross market.
Smart buyers use bridge loans as leverage in negotiations. Cash-equivalent offers win bidding wars, even at lower prices.
Hard money loans fund fix-and-flip projects. Bridge loans fund lifestyle moves for owner-occupants with substantial equity.
HELOCs seem cheaper but take 30-45 days to fund. You'll lose the Ross property you want while waiting on that approval.
Home equity loans require income verification and full underwriting. Bridge lenders care about one thing: asset value and exit strategy.
Ross properties rarely appraise below contract price, which helps bridge lenders feel comfortable. This isn't a speculative market.
Marin County recording times run 10-15 days. Factor that into your bridge loan timeline when coordinating closings.
Most Ross sellers expect quick closes. Bridge financing lets you compete with all-cash buyers who dominate this market.
Property types matter to bridge lenders. Single-family homes in Ross town limits get better terms than rural Marin properties.
Seven to ten business days with clean title and appraisal. We've closed in five days when both properties were straightforward.
Most lenders offer 6-month extensions at higher rates. You'll pay an extension fee plus increased interest, typically 1-2% higher.
Yes, we have lenders who fund up to $15M in combined exposure. Rate and terms depend on your equity position and exit strategy.
No. I've closed deals where borrowers sold in San Francisco and bought in Ross. Geography matters less than equity and property quality.
Some lenders roll bridge payments into the loan balance. Others require interest-only payments, which keeps monthly costs manageable on short terms.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.